Mountain Top Real Estate News

Local Headlines

The ex-con co-owner of a Stanton Street home renovated by Habitat for Humanity five years ago faces new charges, according to paperwork filed Friday. Simpson was awaiting a preliminary hearing later Friday, and further details of the arrest were yet available.
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Hugo Selenski's former girlfriend Christina Strom was on the witness stand for all of Monday's court session. Highlights of her testimony include: a Strom said she pleaded guilty to perjury and money laundering charges years ago, and a requirement of her plea deal is that she testifies against Selenski.
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Regional Headlines

Mortgage industry veteran John J. Goulding to serve as Vice President, Regional Sales Manager for locations on the Eastern Seaboard )-- Stearns Lending, LLC , a leading national mortgage lender with Retail, Wholesale, Correspondent, and Strategic Alliances business channels, is proud to announce that John J. Goulding, Vice President, Regional Sales Manager , has joined the Company and now leads the effort to expand Stearns' Retail sales and market presence in the Mid-Atlantic Region. "We are very pleased to welcome John Goulding to our Retail sales management team," said John Adam, Executive Vice President - National Retail Lending Leader.
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As the housing industry continues to recover we see occasional troublesome spikes in one statistic or another. RealtyTrac reported a couple of such statistics in its U.S. Foreclosure Market Report for January, surges that, at first glance look ominous , but are probably good news .
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Joseph McDonald, regional vice president of Weichert, Realtors, announced that the Clinton office was recognized for outstanding performance in January. The office led the entire company for listings sold, as well as the region, which is comprised of offices throughout Mercer, Warren, Hunterdon, Somerset and Union counties in New Jersey, and the Lehigh Valley area of Pennsylvania, in resale listings, resale revenue units and resale dollar volume.
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Joseph McDonald, regional vice president of Weichert, Realtors, announced that Joseph Baylis of the East Windsor office was individually recognized for his exceptional industry success during the month of January. Baylis led the entire company for listings sold, as well as the region, which is comprised of offices throughout Mercer, Warren, Hunterdon, Somerset and Union counties in New Jersey, and the Lehigh Valley area of Pennsylvania, for resale revenue units.
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Standard and Poor's will pay $20 million and halt part of its commercial-mortgage bond business for one year to settle lawsuit about mortgage-backed securities. Bloomberg's Scarlet Fu reports on "In The Loop."
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National Headlines

Central Florida builders have been hard at work bringing new homes into the market - and new single-family home prices in the region grew by 4 percent in fourth-quarter 2014, according to a new report from Charles Wayne Consulting Inc. Metro Orlando's submarkets saw average fourth-quarter new home sales prices cover a pretty wide range of pricing, from $189,300 in the Howey-In-the-Hills/Astatula submarket in Lake County to $501,200 in the Sanford/Lake Mary submarket in Seminole County. Together, all markets saw an average sales price of $339,791 for new single-family homes by production builders in last year's fourth quarter, which compared with $369,109 in the year-earlier period.
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The Supreme Court could decide to take health insurance away from millions of people after this week's oral arguments in King v. Burwell , the challenge to federal subsidies going to people who purchased their insurance on the federal exchange.
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Joseph McDonald, regional vice president of Weichert, Realtors, announced that the Westfield office was individually recognized for exceptional industry success during 2014. The office led the region, which is comprised of offices throughout Mercer, Warren, Hunterdon, Somerset and Union counties in New Jersey, and the Lehigh Valley area of Pennsylvania, for dollar volume, new home dollar volume, new home listings and resale dollar volume.
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With the start of the spring home-buying season weeks away, area Realtors are optimistic about that the tri-county housing market is making a rebound. Statewide, the average price of property sales in January reached $150,000, a 10.4 percent gain over last year.
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Former House Speaker Gordon Fox pleaded guilty Tuesday to charges of bribery, wire fraud and filing a false tax return following an investigation that included a dramatic federal raid on the Statehouse. Fox maintained his composure in U.S. District Court in Providence, but his voice broke when admitting to the conduct and acknowledging he'd likely lose his law license.
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